Save Article

The Morning Ledger: Long-Term Junk Bonds Fall Out of Favor

By

David Hall

Dec 30, 2013 6:44 am ET

Rising interest rates are driving investors toward shorter-term securities. And that means that issuers trying to lock in cash for longer periods are facing a tougher sell, the WSJ’s Katy Burne and Mike Cherney write. Companies have issued a record $361 billion of low-rated bonds in the U.S. this year, but the share of junk debt maturing in eight or more years represented 59% of issuance—the lowest since 2009.

Content from our sponsorDeloitteCFO insight and analysis written and compiled by Deloitte

For some CFOs, information technology and its related costs can look like a black box, one that they might be reluctant to open. Meanwhile, as the pace of digital technology innovations quickens—along with its ability to disrupt business—CFOs are being inundated with technology requests, and differentiating them can be difficult. Charles Holley, an independent senior advisor to Deloitte, discusses how a top-down, strategy-first approach to evaluating technology requests can help CFOs filter which projects might make the most sense from a strategic and financial standpoint, given short- and long-term priorities.

Please note: The Wall Street Journal News Department was not involved in the creation of the content above.More from Deloitte →